Market watch: Egyptian bourse's EGX30 index reaches new height on Wednesday

Ahram Online , Wednesday 30 Aug 2023

The Egyptian Exchange indices rose for the fourth day in a row on Wednesday and the main index, EGX30, broke Tuesday's historic record, reaching an all-time-high above 18,800-point level. Gold increased marginally.

Stock image depicting stock market indices.
Stock image depicting stock market indices.


Stock market

The benchmark EGX30 index increased by 1.01 percent to settle at 18,818.15 points.

The EGX70 index closed at 3,812.58 points, an increase of 0.46 percent.

Finishing at 5,585.53 points, the EGX100 increased by 0.29 percent.

More than EGP 1,273 billion was added to the market capitalization, a gain of EGP 6 billion.

The biggest gainer was Arab Valves Company, which rose 16.36 percent to close at EGP 1.757 per share.

The greatest loser was Ceramic & Porcelain, which fell 4.94 percent to close at EGP 7.7 per share.

Gold prices

A gram of 24-karat gold costs EGP 2,502.75, a slight increase of EGP 5.

A gram of 21-karat gold costs EGP 2,190 now, inching up 5 EGP.

The price of 18-carat gold rose by EGP 5 to EGP 1,877.25 per gramme.

The gold pound grew by EGP 40 to close the day at EGP 17,520.

*Prices reflect updates recorded as of midday.


With a buy rate of EGP 30.83 and a sell rate of EGP 30.96, the official rate between Egyptian pounds and dollars remained stable.

The euro was valued at 33.57 EGP for purchases and 33.72 EGP for sales.

The Saudi riyal was priced at EGP 8.22 to buy and EGP 8.25 to sell.

*Sources: The Central Bank of Egypt's official exchange rates, the Egyptian Exchange, and iSagha.

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